FX.co ★ Swedbank Q4 Profit Rises

Swedbank (SWDBY.PK) announced a fourth-quarter profit of 8.46 billion Swedish kronor, marking a 2% increase compared to the same period last year. The earnings per share rose slightly to 7.50 kronor, from 7.38 kronor. However, total income for the fourth quarter experienced a 2% decrease, amounting to 18.63 billion Swedish kronor. Moreover, net interest income fell by 8%, totaling 12.27 billion Swedish kronor.

For the entire year, the bank achieved a profit of 34.9 billion kronor, also reflecting a 2% increase from the prior year. Earnings per share for the year stood at 30.86 kronor, up from 30.27 kronor.